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Elite Corp. builds a manufacturing plant in a foreign trade zone. Materials costing $2,000,000 each...

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Accounting

Elite Corp. builds a manufacturing plant in a foreign trade zone. Materials costing $2,000,000 each month are imported. Duty is assessed at 6% of cost. About 14% of the materials are defective and disposed of as waste. What is the savings to the company of locating inside a foreign trade zone?

a.$16,800 per month

b.$25,600 per month

c.$12,400 per month

d.$22,200 per month

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